HELD IN TRUST
\hˈɛld ɪn tɹˈʌst], \hˈɛld ɪn tɹˈʌst], \h_ˈɛ_l_d ɪ_n t_ɹ_ˈʌ_s_t]\
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A term used to describe property held by a person who is not the owner but who is a trustee or an agent.TLD Example: The parties to the contract agreed to have the down payment held in trust by the attorney for the seller until the transaction was completed.
By Henry Campbell Black
